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Rate Increase
August 8, 2022
12:45 pm
Benjames35
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Rate increase effective August 8, 2022

HISA 2.40%
TFSA 2.40%

August 8, 2022
12:51 pm
JohnnyCash
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April 21, 2022
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I had almost given up hope and was thinking of closing my account. Guess I'll hold off for now.

August 8, 2022
1:03 pm
Benjames35
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I did give up hope and just recently moved everything to Motive, for now anyways.

August 8, 2022
1:34 pm
Greedy Guy
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Canadian Tire Bank is reverting to its "want deposits mode". Canadian Tire Bank 4.62% 5 year GIC rate is the highest rate at TD WebBroker today

August 9, 2022
1:38 pm
frencols
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August 9, 2022
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Greedy Guy said
Canadian Tire Bank is reverting to its "want deposits mode". Canadian Tire Bank 4.62% 5 year GIC rate is the highest rate at TD WebBroker today  

Yeah. May be the response to their GICs hasn't been too great. 4.62%, while still high, isn't terribly appealing for a 5-year in current climate, at least to me.

August 9, 2022
4:23 pm
Greedy Guy
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frencols said

Yeah. May be the response to their GICs hasn't been too great. 4.62%, while still high, isn't terribly appealing for a 5-year in current climate, at least to me.  

For someone with a TD brokerage RSP account, a 4.62% 5-year GIC is slightly attractive. An attractive non-sheltered 5-year GIC needs to be at least 5.0%

August 9, 2022
6:28 pm
AllanB
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April 18, 2022
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Greedy Guy said
An attractive non-sheltered 5-year GIC needs to be at least 5.0%  

For the 5yr closer to the rate of inflation at least 7%
There is no telling what they will do next.

August 10, 2022
7:07 pm
KamWest
Toronto
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December 20, 2019
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I won't go into details again but Canadian Tire will never see another penny of my money.

Moving it out was a pain in the ASS

Moving significant funds has significant pitfalls

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